Reeds Stock Soars (REED)

NEW YORK ( TheStreet) -- Shares of Reeds (Nasdaq: REED) have taken a tremendous swing upward. The stock is trading at $4.17 as of 1:50 p.m. ET, 20.2% above Monday's closing price of $3.47. Volume is at 304,371, 7.9 times the daily average of 38,400.

Reeds has a market cap of $34.6 million and is part of the consumer goods sector and food & beverage industry. Shares are up 184.2% year to date as of the close of trading on Monday.

Reed's, Inc., together with its subsidiaries, engages in the development, manufacture, marketing, and sale of natural non-alcoholic and New Age beverages, candies, and ice creams primarily in the United States, Canada, Europe, and Asia.

TheStreet Ratings rates Reeds as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and poor profit margins. You can view the full Reeds Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.
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Reeds Inc. Stock Downgraded (REED)

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